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Will my cc interest increase due to increase in national debt level and outstanding balance on cards?

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I have heard that national debt level is increasing. Will it have any effect on my credit card interest rate? Will it increase if i have outstanding balance on my cards?

Fed is increasing interest rates four times in 2018. Fed has already hiked interested two times this year. Obviously, credit card interest will increase.

Sub: #1 posted on Tue, 07/24/2018 - 04:13

Nick Jonas Nick Jonas

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Try to repay the cc balance as soon as possible. It is the best thing what you can do.

Sub: #2 posted on Wed, 07/25/2018 - 05:29

Ryan Miller Ryan Miller

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Yes, the credit card interest rate will increase due to Fed interest rate hike. Try to pay off your existing debts. And don't accumulate further debts.

Sub: #3 posted on Thu, 07/26/2018 - 06:12

Sanders Patricia Sanders Patricia

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Your credit card interest rate ca increase any time by the credit card company. Try to pay your CC bills full in every month to avoid paying interest. But first pay off the unpaid balance asap, as Ryan suggested above.

Sub: #4 posted on Thu, 07/26/2018 - 06:31

tiarajoseph11 tiarajoseph11

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